Industry Accountants 2024 - How to Maximise the Tax Benefits of Capital Expenditure
Category: Tax | Date: 22/05/2024 14:00 | Duration: 1hr | Tag: WEBIA2405 | Type: Webinar | Speaker: Carl Bayley | Channel: ProfitPro
Course Details
The capital allowances regime has possibly never been more complex than it is today, with a long list of potential allowances available, and a convoluted maze governing who qualifies for what and when. Recording and categorising capital expenditure correctly, and choosing the best allowances for your business to claim, are the keys to maximising the benefits: both now and in the future.
Topics to be covered will include:
- Overview of the capital allowances regime, what is available, and to who
- Categorising capital expenditure: identifying qualifying plant and machinery; is it a car or a van; is it really capital expenditure after all; other issues to consider
- Timing issues: hire purchase, extended credit, when is expenditure incurred for capital allowances purposes?
- Why the 130% super-deduction may still be relevant and what to look out for
- Allowances coming to an end soon: buy now, or pay the price later
- Choosing the best allowances for your business: the hierarchy
By attending this session, delegates will have the knowledge to identify expenditure eligible for capital allowances and understand how and when to make the claims that benefit the business the most.
The session will be targeted at business owners and accountants working in industry, but may also be of benefit to general practitioners, tax advisers, and accountancy students.
Course Level: Foundation / Intermediate.
CPD Course Speaker
BSc FCA, Author and Presenter
Carl Bayley
Carl Bayley is the author of a series of ‘Plain English’ tax guides designed specifically for the layman and the non-specialist. His particular specialty is his ability to take the weird, complex, and inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand.
Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.
Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.
Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.
Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.
Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.
Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.